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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (376689)	10/21/2008 9:02:10 AM
From: MythMan	Read Replies (1) \| Respond to of 436259

UPDATE 1-Goldman Sachs recommends "sell" on Citigroup Tue Oct 21, 2008 8:39am EDT (Recasts, adds details) Oct 21 (Reuters) - Goldman Sachs reinstated Citigroup Inc (C.N: Quote, Profile, Research, Stock Buzz) with a "sell" rating and recommended a "paired" trade in which investors sell Citigroup short, betting on a decline, and buy Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz) shares. Shares of Citigroup, the giant U.S. bank, fell 4 percent to $14.45 in trading before the bell. "We believe weak economic data will keep the stock under pressure over the next six months and it is tough to see why the stock would head higher over this period," analyst William Tanona said in a note to clients. Adding Citigroup to Americas Conviction Sell list, Tanona said it will be difficult for the company to generate profitability over the next 12 months primarily due to additional write-downs and deteriorating credit market. Tanona has a six month price target of $11 on Citigroup.